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Better Energy, Greater Prosperity

The Better Energy, Greater Prosperity report was developed by the Energy Transition Commission (ETC) with the support of the ETC Secretariat, provided by SYSTEMIQ and McKinsey & Company. It draws upon a set of analyses carried out by Climate Policy Initiative, Copenhagen Economics and Vivid Economics for the ETC and sets out achievable pathways to limit global warming to well below 2˚C while stimulating economic development and social progress.

To achieve the goals outlined in the Paris Agreement, global carbon emissions must be cut in half by 2040. This is achievable — but business, government and investors must act now to accelerate clean electrification, decarbonization beyond power and energy productivity improvement.

The report reflects a unique collaboration between the diverse members of the ETC, which brings together fossil fuels, power and industrial companies, alongside investors, environmental NGOs and researchers, from both developing and developed countries. These diverse allies are agreed not only on the importance of cutting carbon emissions to meet the Paris objectives, but also on how that transition can be achieved while fostering social and economic progress.

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